Konstelec Engineers Secures Multiple Work Orders from Reliance Industries, Valued at ₹12.96 Crore
Konstelec Engineers Limited has secured two notifications of award or work orders from Reliance Industries Limited, bringing the aggregated value of the contracts to ₹12.96 crore, including GST. These projects span various crucial infrastructure and plant commissioning activities for Reliance.The company received the Notification of Award (NOA) confirming the contracts with Reliance Industries Limited. The two awarded projects are dedicated to different expansions within the Reliance ecosystem.
One significant project involves the supply, installation, testing, and commissioning (SITC) of electrical works for MRS, Auxiliary/Distribution Substations, and Infrastructure Works (up to Residential Buildings). This work is slated for the RG Expansion Project located in Jamnagar, Gujarat, with a contract value of ₹9.98 Crore (including GST). The execution period for this project is set at 13 months from the date of the NOA.
The second awarded contract pertains to electrical pre-commissioning and commissioning activities for the Polysilicon Plant - NEI Projects. This work order, valued at ₹2.98 crore (including GST), has a stipulated execution time of 12 months from the date of issuance of the Notification of Award (NOA).
The details of the awarded contracts are summarized below:
| Particulars | Contract Detail One | Contract Detail Two |
|---|---|---|
| Nature of Work | SITC of Electrical works for RG Expansion Project at Jamnagar, Gujarat | Electrical pre-commissioning and Commissioning activities for Polysilicon Plant - NEI Projects |
| Broad Consideration (Incl. GST) | ₹9.98 Crore | ₹2.98 crore |
| Time Period | 13 months from NOA issuance | 12 months from NOA issuance |
These contracts represent a significant business gain for Konstelec Engineers Limited, securing the company’s involvement in key operational and expansion projects of Reliance Industries Limited.
KONSTELEC Stock Price Movement
Closing higher today, Konstelec Engineers Limited managed a notable gain of 1.13%, settling at ₹62.70. The stock saw activity in the post-market session, with 4,000 shares trading through the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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